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STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Feb. 29, 2024
Feb. 28, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings (loss) $ 546,400 $ (2,504,900)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Depreciation and amortization 2,487,200 2,478,700
Deferred income taxes (609,700) (678,100)
Provision for credit losses 33,300 0
Provision for inventory valuation allowance 85,900 715,900
Share-based compensation expense - net 212,000 907,800
Net gain on sale of assets (4,016,700) 0
Changes in assets and liabilities:    
Accounts receivable 936,500 732,100
Inventories - net 8,130,000 9,086,900
Prepaid expenses and other assets 197,100 (233,200)
Accounts payable 46,300 (8,547,900)
Accrued salaries and commissions, and other liabilities (51,900) (1,578,000)
Deferred revenues (19,200) (78,900)
Income taxes payable/receivable 773,400 (241,900)
Total adjustments 8,204,200 2,563,400
Net cash provided by operating activities 8,750,600 58,500
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (821,800) (1,578,800)
Proceeds from sale of assets 4,858,900  
Purchases of other assets   (177,000)
Net cash provided by (used in) investing activities 4,037,100 (1,755,800)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on term debt (6,499,100) (25,900,100)
Payments on debt issuance costs 0 (178,400)
Proceeds from term debt 0 36,000,000
Sales of treasury stock 0 63,400
Cash paid to acquire treasury stock (563,900) 0
Net payments under line of credit (5,136,400) (7,089,000)
Dividends paid 0 (870,700)
Net cash provided by (used in) financing activities (12,199,400) 2,025,200
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 588,300 327,900
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - BEGINNING OF PERIOD 689,100 361,200
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - END OF PERIOD 1,277,400 689,100
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Cash paid for interest 2,805,800 1,986,000
Cash paid for income taxes (net of refunds) 24,400 (3,900)
SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING ACTIVITIES:    
Fair value of the interest rate exchange agreement $ 24,400 $ 0